ARSD 20:06:25:01.02. Accounting methods for bail bonds

An insurer writing bail bonds may, in lieu of compliance with SSAP No. 53 of the Accounting Practices and Procedures Manual, 2026 edition, report bail bond written premiums less agent commissions and recognize total premiums as earned on the effective date of the bonds. An insurer reporting premiums on this method shall file a supplemental Schedule T with the annual statement setting forth the gross premiums by state for premium tax purposes.